碰男华经海贸多大学 高级商务英语阅读 policies make it easy for firms and their employees to access and use technology will come out ahead. Third,the old sources of competitive advantage----access to raw materials,transportation routes,or customer markets,low costs,and a large labor pool----are becoming less important. In an economy in which less than 20 percent of economic activity consists of creating, processing,or moving physical goods,access to raw materials,transportation,and markets means less.As an increasing share of economic inputs and outputs are in the form of electronic bits,the old locational factors diminish in importance.And when an increasing share of firms are gaining competitive advantage from innovation,quality,and productivity-driven cost reductions,the old advantages of low wages,low taxes,and low input costs are less important. States that provide an environment in which firms can become more productive and innovative will outperform those that can only offer low costs. Fourth,states'economic success will increasingly be determined by how effectively they can spur home-grown technological innovation and entrepreneurship.While it's true that most states cannot hope to replicate Silicon Valley for Boston's Route 128,they can have economies that prosper as a result of locally based companies developing new product and service innovations.In the old economy,many states relied on industrial recruitment to attract branch plants and facilities from more innovative states.In the New Economy,tomorrow's jobs will come from fast-growing entrepreneurial firms and not from the small number of business relocations.As a result,states need to shift their focus from"hunting and gathering"(industrial recruitment)to gardening(promoting growth from within). Finally,when the most valuable input for many firms is the skills and talent of their workforce,a pool of skilled workers is the most important locational factor.In the old economy workers often followed companies,so attracting companies made more sense.In the New Economy,it's not so simple.As knowledge workers become a more important factor in production,companies often locate where knowledge workers already live.This means that the old practice of economic development,which focused exclusively on providing help to firms,must give way to a broader approach that includes making a state more attractive to skilled workers by improving quality of life,workforce development systems,and government operations. 1.The author of this article seems to believe that the quick recovery of the American economy is due to A.the remarkable US expansion of the 1990s B.the structural changes being driven by the New Economy C.the first real test of its resiliency that the New Economy has passed D.the New Economy factors 2.Owing to the PPI's State New Economy Indexes A.American people look at the New Economy with a more careful and realistic eye B.a framework was created for the measurement and assessment of the state economies C. the state economies were structured and operated according to the tenets of the New Economy D.a state-level public policy framework was aimed at boosting the incomes of all 第8页共9页高级商务英语阅读 policies make it easy for firms and their employees to access and use technology will come out ahead. Third, the old sources of competitive advantage ---- access to raw materials, transportation routes, or customer markets, low costs, and a large labor pool ---- are becoming less important. In an economy in which less than 20 percent of economic activity consists of creating, processing, or moving physical goods, access to raw materials, transportation, and markets means less. As an increasing share of economic inputs and outputs are in the form of electronic bits, the old locational factors diminish in importance. And when an increasing share of firms are gaining competitive advantage from innovation, quality, and productivity-driven cost reductions, the old advantages of low wages, low taxes, and low input costs are less important. States that provide an environment in which firms can become more productive and innovative will outperform those that can only offer low costs. Fourth, states’ economic success will increasingly be determined by how effectively they can spur home-grown technological innovation and entrepreneurship. While it’s true that most states cannot hope to replicate Silicon Valley for Boston’s Route 128, they can have economies that prosper as a result of locally based companies developing new product and service innovations. In the old economy, many states relied on industrial recruitment to attract branch plants and facilities from more innovative states. In the New Economy, tomorrow’s jobs will come from fast-growing entrepreneurial firms and not from the small number of business relocations. As a result, states need to shift their focus from “hunting and gathering” (industrial recruitment) to gardening (promoting growth from within). Finally, when the most valuable input for many firms is the skills and talent of their workforce, a pool of skilled workers is the most important locational factor. In the old economy workers often followed companies, so attracting companies made more sense. In the New Economy, it’s not so simple. As knowledge workers become a more important factor in production, companies often locate where knowledge workers already live. This means that the old practice of economic development, which focused exclusively on providing help to firms, must give way to a broader approach that includes making a state more attractive to skilled workers by improving quality of life, workforce development systems, and government operations. 1. The author of this article seems to believe that the quick recovery of the American economy is due to __________. A. the remarkable US expansion of the 1990s B. the structural changes being driven by the New Economy C. the first real test of its resiliency that the New Economy has passed D. the New Economy factors 2. Owing to the PPI’s State New Economy Indexes __________. A. American people look at the New Economy with a more careful and realistic eye B. a framework was created for the measurement and assessment of the state economies C. the state economies were structured and operated according to the tenets of the New Economy D. a state-level public policy framework was aimed at boosting the incomes of all 第 8 页 共 9 页